ZDA Achieves $9.89 Billion in Investments, Exceeds Job Creation Targets
The Zambia Development Agency (ZDA) has actualized $9.89 billion from the $58.78 billion in committed investments, generating 40,395 jobs, exceeding the initial target of 38,119 jobs.
ZDA Director General Albert Halwampa highlighted the Agency’s proactive efforts to drive economic growth through investment projects.
“By leveraging both Local Direct Investment (LDI) and Foreign Direct Investment (FDI), we aim to promote firm growth, job creation, and wealth generation,” he said.
In 2024 alone, ZDA licensed 486 projects, recording $6.91 billion in committed investments. These projects are expected to create 233,098 jobs, a 45% rise compared to the 160,280 jobs pledged in 2023.
The energy sector led with $2.63 billion in investments, followed by manufacturing ($2.33 billion), transport ($558.96 million), and mining ($481.56 million).
Mr. Halwampa attributed the year’s success to enhanced political leadership, successful debt restructuring, and intensified investment promotion activities.
To sustain this momentum, ZDA will host the inaugural Invest in Zambia International Conference (IZIC) in 2025, targeting over $1 billion in new commitments.
“This event will serve as a platform to transition committed investments into tangible projects and job opportunities,” he added.
